Sutter Health, the 25-hospital, Sacramento, Calif.-based system, is issuing $500 million in bonds to help finance the construction of three replacement hospitals.
More than 220 employees at Kindred Hospital La Mirada in California voted to join the Service Employees International Union. The SEIU's growing membership is trying to raise California's minimum wage to $15 an hour and fully fund Medi-Cal, the state's Medicaid program.
Sutter Health, a 25-hospital system based in Sacramento, Calif., overcame rising costs in the third quarter as it saw additional revenue from higher volume, fewer self-pay patients and the return of the state's provider fee program.
Sutter Health, the Sacramento, Calif.-based system, continued to benefit from higher Medicaid payments and a decrease in uninsured. But like many of its peers, the 25-hospital group is grappling with higher labor and supply costs.
A new group of innovators are entering the final phase of the federal electronic health-record program as its focus shifts away from implementation and toward quality outcomes and patient-centered data exchange.
Healthcare systems face broader unfunded pension liabilities as they make long overdue updates to their assumptions for retiree longevity, and raise the level of assets they will need to account for a falling discount rate.
Despite mounting public concern about sky-high pay levels for top-ranked corporate officials, the highest-paid executives at not-for-profit healthcare institutions racked up massive pay increases in 2013.
Sutter Health reported that it nearly doubled its operating margin in the first quarter of the year as admissions increased and more patients had insurance. The Sacramento, Calif., system also disclosed that it entered into a $3 million settlement in May with the U.S. Justice Department.
Almost 2,200 healthcare construction projects have received some level of LEED certification or are seeking certification, but only a small handful have scored a rating of platinum.
Providence St. Joseph Medical Center is joining the list of California hospitals taking steps to minimize water usage during one of the most severe droughts The Golden State has faced.
Pat Fry, 57, will retire as president and CEO of Sutter Health, Sacramento, Calif., effective Jan. 4.
Sutter Health, a 24-hospital not-for-profit California health system, and Blue Shield of California have come to an agreement after a monthlong feud over price increases and new contract terms.